RISKBOOK

As China’s ‘Apartheid’ System Excludes Rural Poor From Property Boom, Tech Companies Help Employees Buy Homes
Posted on Tuesday April 25, 2017

A legacy of China’s planned economy, known as hukou, or household registration, which binds most Chinese to their place of birth, and denies those who live outside the booming megacities the right to buy property inside them, is instituting a form of apartheid that punishes the rural poor, the Wall Street Journal reports. The system has

Read More


Lafarge Scandal Illustrates Difficulties of Doing Business in a War Zone
Posted on Tuesday April 25, 2017

The CEO of French cement maker Lafarge S.A. has been forced to resign after it was revealed that the company had been paying off militant groups in Syria in order to keep its plant in the north of the country open from the beginning of the civil war in 2010 until 2014, the New York

Read More


Trump Considers Cutting US Corporate Tax Rate to 15 Percent
Posted on Tuesday April 25, 2017

President Trump is considering cutting the US corporate tax rate from 35 percent to 15 percent as he seeks to make good on his campaign promise to reform the US tax system within 100 days of taking office, the Washington Post reports. The proposed reforms would also include a simplification of the tax code, a

Read More


Customers Object to Unroll.Me for Selling Data to Uber; Bose Faces Privacy Lawsuit
Posted on Tuesday April 25, 2017

Customers of the free email managing service Unroll.Me have objected after it emerged that it was selling their data to Uber, MarketWatch reports. Unroll.Me, which helps customers unsubscribe from mailing lists, was scanning email for Lyft receipts and notifying Uber that customers were switching to the rival car service. Its chief executive said he was

Read More


Mylan Sued West Virginia to Protect EpiPen’s ‘Preferred Status’
Posted on Tuesday April 25, 2017

Drug manufacturer Mylan took the state of West Virginia to court in an attempt to protect the “preferred status” of its EpiPen auto-injector, which ensured that Medicaid would pay for it without asking questions, while different devices would require special approval, Stat reports. Mylan has been criticized for raising the price of its EpiPen, which

Read More


FBI’s First Mass-Hacking Warrant Allays Some Fears
Posted on Tuesday April 25, 2017

The FBI has sought a mass-hacking warrant to free thousands of computers from the global botnet Keilhos, using a new procedural rule change that took place in December, Ars Technica reports. Civil rights campaigners feared that the new rule would license government surveillance, but some have commended the FBI for asking the judge to consider

Read More


Market for Electric Cars Begins to Bloom as Incentives Tail Off
Posted on Tuesday April 25, 2017

The federal subsidy that has boosted sales of electric cars is tailing off, but sales are likely to survive as the new models begin to compete with internal-combustion vehicles on both price and performance, Bloomberg reports. The $7,500 federal subsidy that used to come with every electric car will be withdrawn as each manufacturer reaches

Read More


Wikipedia Founder Launches New News Site to Fight Fake News
Posted on Tuesday April 25, 2017

Wikipedia founder Jimmy Wales is launching a crowdfunded news site that will combat fake news through the combined efforts of professional journalists and community volunteers, the Guardian reports. Wikitribune, which will launch its fundraising campaign today, April 25, at the beginning of the UK election campaign, will cover UK and US politics, and other subjects,

Read More


CEOs Keen on Digital Growth but Don’t Know How to Measure It: Survey
Posted on Tuesday April 25, 2017

More than half of CEOs say that growth is their main priority, though most do not have a way of measuring the success of their plans for digital transformation, a new survey has found, CXO Today reports. Forty-seven percent of 388 CEOs surveyed by Gartner say they are being challenged by the board of directors

Read More


Global Uncertainties Drive Companies to Take Out More Insurance
Posted on Tuesday April 25, 2017

Companies are taking out more insurance in an attempt to protect themselves against the effects of the global political insurgency that led to Brexit and President Trump, and saw Front National leader Marine Le Pen reach the second round of voting in the French presidential elections, Reuters reports. Zurich Insurance said that new business at

Read More


TED Seeks to Expand Without Sacrificing Principles
Posted on Tuesday April 25, 2017

The TED organization, which made its name by offering thought provoking talks on technology, education and design, is seeking to advance its aim of spreading ideas to a global audience without losing its distinctiveness or sacrificing its principles, Fortune reports. The famous TED Talks have already been viewed 6.1 billion times, but TED wants them

Read More


Companies Offer Paid Time Off for Activism
Posted on Tuesday April 25, 2017

Some US companies are offering employees paid time off (PTO) for activism and campaigning, in the same way they might offer sick leave or maternity leave, Business Insider reports. Some organizations, such as media companies still forbid employees from expressing political views, but others are actively encouraging them to get out and campaign as a

Read More